Do you hate the idea of paying premiums up-front, or do you hate the idea of being insured? If you dislike the premiums up-front, then you need to consider what yellowtip is saying, because the cost may come and sting you - unless you have set aside cash just in case... But if you hate the idea of an insurance culture, I do resonate with you. I thing that we lose the sense of the value of things when we insure them. Maybe we should just stick to third-party insurance on cars?